NYT (NYT) director granted 49 dividend-equivalent RSUs as share award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bronstein Manuel reported acquisition or exercise transactions in this Form 4 filing.
NEW YORK TIMES CO director Manuel Bronstein received 49 shares of Class A Common Stock through a stock-based award. The award represents Restricted Stock Units granted as dividend equivalents under The New York Times Company 2020 Incentive Compensation Plan. After this grant, Bronstein directly holds 18,066 Class A shares.
These Dividend Equivalent RSUs were issued in connection with cash dividends on existing RSUs. Units tied to already vested RSUs are fully vested at grant, while those tied to unvested RSUs will vest on the date the related RSUs vest, which is the date of the company’s first annual meeting following the initial grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bronstein Manuel
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 49 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 18,066 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 49 shares
Shares after transaction: 18,066 shares
Grant price: $0.0000 per share
+1 more
4 metrics
RSUs granted
49 shares
Dividend Equivalent RSUs on 2026-04-16
Shares after transaction
18,066 shares
Class A Common Stock held directly after grant
Grant price
$0.0000 per share
Stock-based compensation, non-cash award
Acquisition transactions
1 transaction
Non-derivative grant/award acquisition in this filing
Key Terms
Restricted Stock Units ("RSUs"), Dividend Equivalent RSUs, 2020 Incentive Compensation Plan, Class A Common Stock
4 terms
Restricted Stock Units ("RSUs") financial
"Restricted Stock Units ("RSUs") acquired in respect of previously reported RSUs"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Dividend Equivalent RSUs financial
"cash dividends paid on The New York Times Company's Class A Common Stock ("Dividend Equivalent RSUs")"
2020 Incentive Compensation Plan financial
"awarded under The New York Times Company 2020 Incentive Compensation Plan"
Class A Common Stock financial
"cash dividends paid on The New York Times Company's Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transaction did NYT director Manuel Bronstein report?
Manuel Bronstein reported receiving 49 shares of NYT Class A Common Stock as a stock-based award. These were Dividend Equivalent Restricted Stock Units granted under the 2020 Incentive Compensation Plan, tied to cash dividends on previously awarded RSUs.
What are Dividend Equivalent RSUs in the NYT Form 4 filing?
Dividend Equivalent RSUs are Restricted Stock Units granted with a value equal to cash dividends on NYT Class A Common Stock. Those tied to vested RSUs are fully vested at grant, while those tied to unvested RSUs vest when the related RSUs vest.
When do Manuel Bronstein’s new NYT Dividend Equivalent RSUs vest?
Dividend Equivalent RSUs linked to vested RSUs are fully vested immediately. Those linked to unvested RSUs will vest on the same date the underlying RSUs vest, which is the date of The New York Times Company’s first annual meeting following the initial RSU grant.
Is Manuel Bronstein’s NYT Form 4 transaction an open-market purchase or sale?
The transaction is not an open-market purchase or sale. It is a grant of 49 Dividend Equivalent Restricted Stock Units awarded as stock-based compensation under NYT’s 2020 Incentive Compensation Plan, rather than a voluntary trade in the market.